Gold is still trading below the 50 average, which it is currently trying to test in the areas between 1318 and 1321, a breach of that area and stability above it suggests the continuation of the rise to the next resistance area 1328, which, if broken, extends the rise to the next resistance 1340, but if gold fails to breach the 50 average, it may fall again to the first support area 1310, which we may see a test of the psychological support area 1300, which may extend the test to the 1297 area.

Gold still finds trouble in the strongest physical resistance area of $ 2070 and succeeds in stabilizing above it for several days, as it usually fails to close above it two days in a row, we do not take last week's trading very seriously due to the low liquidity in the markets due to the western holiday season, so we must monitor the market next week, especially since it will be the 13th week in the current bullish wave, and usually gold bullish waves end between 11/13 weeks.